In a move to strengthen economic relations with Hong Kong and Macau, Mainland China is allowing the purchase of wealth products to and from the two territories, said Inquirer. The initiative will primarily involve residents in the Guangdong-Hong Kong-Macau...
According to the Institute for Policy Studies and Americans for Tax Fairness, the collective billionaires’ wealth in the United States surged to $584 billion since the start of the pandemic.
The analysis report published on Friday, June 18, revealed that...
The Mubadala Investment Co., known as one of the largest wealth funds in the world, is looking to spend its 232-billion-dollar pool for international deals, specifically from the United States, said Bloomberg. Mubadala Investment Co. is Abu Dhabi’s sovereign...
Forbes recently accused Kylie Jenner of “white lies, omissions and outright fabrications” after kicking her from its list of billionaires. The report revealed the process that the Kardashian-Jenner family allegedly took to place the Kylie Cosmetics owner to the...
The Kingdom of Saudi Arabia’s foreign reserves fell sharply by $21 billion in April, following the transfer of 150 billion riyals to finance an investment overseas.
The net assets of the world’s biggest economy fell for 4.5 percent in April,...
As Japan Prime Minister Shinzo Abe looked to double down on the country’s stimulus package, the cabinet members approved a $1.1 trillion (¥117 trillion) fresh funding last Wednesday, May 27, 2020, to help keep businesses and households afloat amidst...
While millions struggle with massive job losses, the top 1% have witnessed a soar in their net worth during the COVID-19 pandemic. In a report published by The Institute for Policy Studies and Americans for Tax Fairness on Thursday,...
Saudi Arabia’s sovereign wealth fund has recently bought numerous minority stakes in major United States companies. This brings the sovereign wealth fund to a portfolio valued at approximately $10 billion, notes Reuters.
The Saudi Arabia Public Investment Fund (PIF) clocks...
Canadian households can emerge from the pandemic wealthy given their high-value properties, according to a study by TD Economics.
The paper titled ‘Impact of the Pandemic on Key Canadian Household Financial Indicators’ was written by Ksenia Bushmeneva. The study indicates...
Wealth and portfolio management platform Vise announced Tuesday, May 12, 2020, its successful Series A funding round led by Sequoia Capital. The investment round was reportedly led by Sequoia partner, Shaun Maguire, notes Tech Crunch.
Besides Sequoia Capital, who led...
